Commodity prices have soared so far in 2022 as the combination of U.S. dollar inflation, stock market instability, supply chain disruptions and geopolitical conflict has driven demand for gold, silver, copper and other metals.
Gold and other precious metals serve as both an inflation hedge and a flight-to-safety investment, while copper and silver are both heavily used in the industrial sector and can be used as a measure of the rebound in U.S. economic activity following the pandemic. Rising metal prices are good news for mining stocks.
